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Author Question: Most economists believe that consumers would be better off if markets were perfectly competitive ... (Read 112 times)

cartlidgeashley

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on: Jun 29, 2018
Most economists believe that consumers would be better off if markets were perfectly competitive rather than monopolistically competitive.
 
  Indicate whether the statement is true or false

Question 2

Labor demand is considered a derived demand because producers do not demand labor for itself but only because labor is used to produce output that consumers desire.
 
  Indicate whether the statement is true or false
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amynguyen1221

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

TRUE


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